Business Monitor International


Philippines Infrastructure Report

Published 04 July 2014

  • 147 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Philippines Infrastructure Report

BMI View:   We still expect construction and infrastructure growth in the Philippines to be relatively robust over 2014 , despite a slow Q114. S ome of the conditions that currently support construction and infrastructure activity may not last, which will result in a slowdown for both sectors over the medium term.   Rising interest rates are the main   short ar-term concern, while the major long-term threat to the sector remains the poor outlook for execution risks in the country, which is underscored by ongoing difficulties with the government's highly touted Public-Private Partnership Programme.

Key Trends And Developments

The Light Rail Transit Authority (LRTA) of Philippines approved the recommendation to award the PHP65bn (USD1.5bn) LRT1 Cavite extension project to the  Light Rail Manila consortium. Metro Pacific Investments Corporation leads the consortium with a 55% stake, Ayala Corporation has a 35% stake and Macquarie Infrastructure Holdings owns the remaining 10%. The LRTA's approval to award the PPP project to the consortium was recommended by the Department of Transportation and Communications' Special Bids and Awards Committee, according to LRTA spokesperson Hernando Cabrera (Rappler). The project will extend Line 1 from 20.7km to 32.4km, with a new south endpoint in the city of Bacoor, Cavite, Philippines. About 10.5km of the Cavite Extension System will be elevated.

The Philippines' Metropolitan Waterworks and Sewerage System (MWSS) plans to publish an invitation to prequalify and bid for the New Centennial Water Source-Kaliwa Dam Project worth PHP18.72bn (USD433.69mn) between August 4 and August 15 2014, according to MWSS Administrator Gerardo AI Esquivel. MWSS is preparing the documents for the project, according to the MWSS Prequalification, Bids and Awards Committee (PBAC) Chairman Nathaniel C Santos. 'It is still up for PBAC approval,' he said (BusinessWorld).The public-private partnership project includes a 25-year...

Table of Contents

BMI Industry View
7
SWOT
9
Infrastructure SWOT
9
Industry Forecast
11
Construction And Infrastructure Forecast Scenario
11
Table: Construction And Infrastructure Industry Data (Philippines 2012-2017)
11
Table: Construction And Infrastructure Industry Data (Philippines 2018-2023)
11
Transport Infrastructure - Outlook And Overview
20
Table: Competitiveness Of Philippines's Infrastructure
20
Table: Consortiums Interested In The CALA Expressway
23
Table: Major Projects - Transport
32
Energy And Utilities Infrastructure - Outlook And Overview
40
Table: Cross-Island Interconnections
50
Table: Major Projects - Energy and Utilities
55
Residential/Non-Residential Building - Outlook And Overview
64
Table: Residential and Non-Residential Building Industry Data (Philippines 2012-2017)
64
Table: Residential and Non-Residential Building Industry Data (Philippines 2018-2023)
64
Table: Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
71
Industry Risk Reward Ratings
73
Philippines - Infrastructure Risk/Reward Ratings
73
Rewards
73
Risks
74
Asia Pacific - Infrastructure Risk/Reward Ratings
75
Developed Markets: Favoured
76
Giants Of Asia: Rewards Sizeable, Risks Sizeable
78
South East Asia: Political Risks Rises
80
Table: Asia Pacific Infrastructure Risk Reward Ratings
83
Market Overview
84
Competitive Landscape
84
Table: EQS Data
84
Table: Philippines - Projects Under PPP Programme, At Advanced Stage
86
Table: Philippines - Projects Under PPP Programme, At Early Stage
87
Company Profile
93
EEI Corporation
93
First Balfour
97
San Miguel Corporation (SMC)
101
Global Infrastructure Overview
108
Middle East/North Africa Presents Strongest Investment Profile
108
Methodology
114
Industry Forecast Methodology
114
Sector-Specific Methodology
115
Risk/Reward Rating Methodology
119
Sector-Specific Methodology
120
Table: Infrastructure Risk/Reward Rating Indicators
120
Table: Weighting Of Indicators
121

The Philippines Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Philippines Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Philippine infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Philippines to test other views - a key input for successful budgetary and planning in the Philippine infrastructure market.
  • Target business opportunities and risks in the Philippine infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Philippines.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant multinational and national company developments.

These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, renewable projects, pipelines and so on).

Industry Trends

Analysis of latest projects across the infrastructure sector (covering the transport, utilities and commercial construction sub-sectors) - including:

Market Overview:Analysis of the key elements driving developments, including evaluations of current capacity and future requirements.

Building Materials Overview

The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.

Business Environment Rankings

BMI's Infrastructure Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data point.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry & Economic Forecasts

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecast. Indicators include:

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%).

Infrastructure: Value (US$bn); contribution to construction industry (%); real growth (%) of transport infrastructure (broken down by railways, airports, roads and bridges, ports and harbours) and energy and utilities (broken down by power plants and transmission grids, oil and gas pipelines, and water infrastructure).

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc